I am still debating whether to install it or not on my main OS because I am a bit worried about web site compatibility. A lot of web sites probably delayed updating their site for IE7 (if needed) until the inevitable hit. So it might be better to wait a little till enough other people have hit those sites with IE7 and complained to the site owners. I guess I will probably try it out in a Virtual PC before installing it on my host OS.

Don't be confused by the version number of the IE7 installer executable: the version number of the download is 6.2.29.0. Here are some version numbers of the included components: